Bailard Inc. Takes Position in Southern States Bancshares, Inc. (NASDAQ:SSBK)

Bailard Inc. acquired a new position in shares of Southern States Bancshares, Inc. (NASDAQ:SSBK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,575 shares of the company’s stock, valued at approximately $452,000.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Southern States Bancshares in the fourth quarter worth about $115,000. Empowered Funds LLC acquired a new position in shares of Southern States Bancshares in the 3rd quarter worth approximately $208,000. Quadrature Capital Ltd acquired a new position in shares of Southern States Bancshares in the 3rd quarter worth approximately $221,000. OneAscent Wealth Management LLC bought a new position in shares of Southern States Bancshares during the 3rd quarter worth approximately $236,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Southern States Bancshares by 3,572.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,418 shares of the company’s stock valued at $247,000 after buying an additional 7,216 shares in the last quarter. 58.73% of the stock is currently owned by institutional investors and hedge funds.

Southern States Bancshares Stock Performance

Southern States Bancshares stock opened at $31.83 on Wednesday. The firm has a market capitalization of $314.64 million, a P/E ratio of 8.67 and a beta of 0.33. The stock has a fifty day moving average price of $32.91 and a two-hundred day moving average price of $32.77. Southern States Bancshares, Inc. has a 52-week low of $22.13 and a 52-week high of $39.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.02 and a quick ratio of 1.02.

Southern States Bancshares (NASDAQ:SSBK) last announced its earnings results on Tuesday, January 21st. The company reported $1.04 earnings per share (EPS) for the quarter. Southern States Bancshares had a net margin of 19.68% and a return on equity of 15.04%.

Southern States Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Monday, February 3rd. Southern States Bancshares’s payout ratio is currently 9.81%.

Southern States Bancshares Company Profile

Southern States Bancshares, Inc operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals. The company provides various deposit products, such as savings, money market, and noninterest-bearing demand accounts; certificates of deposit; and time deposits.